Warren Buffett is one of the most well-known investment professionals in the industry, and with good reason. No matter what business he is investing in he always seems to turn a profit, and the Oracle of Omaha is known for his frugal spending habits and ability to save money. Warren Buffett has often said that the home that he purchased in 1958 was the best investment that he ever made in his life, and he has translated this into his recent slew of investments into the real estate brokerage world. Berkshire Hathaway is one of the largest real estate brokerages in the world now, thanks to Warren Buffett’s recent acquisitions.
Many people don’t know that Warren Buffett has actually been in the real estate business since the year 2000, with his initial holding in HomeServices of America Inc. Warren Buffett has become the second largest real estate holding company in America behind Long & Foster Cos. Warren Buffett has famously said that he didn’t even realize his real estate holdings had grown so exponentially. Berkshire Hathaway has many holdings in a variety of different companies, so naturally, the real estate market would be the logical next step. Berkshire Hathaway will continue to grow with the market, especially since the economy is on the upturn.
Real estate holdings have always been a much smaller interest to Warren Buffett, with his main focus always being on the stock market. Although he believes that his home was the best investment that he has ever made, the real estate market was not a central focus for Warren Buffett. When it comes to investing in real estate Berkshire Hathaway made a wise choice in purchasing HomeServices of America Inc. The company has grown to provide a large number of services to homeowners, and the company looks to have a prosperous future.